- Better Roads - http://www.betterroads.com -
ARTBA: States committed nearly $120 billion for transportation improvement in 2012, short of $129 billion peak in 2010
Posted By Staff Report On February 12, 2013 @ 1:13 pm In Economics,News & Analysis | No Comments
State departments of transportation (DOTs) and local governments committed a little over $117 billion in funding for highway, bridge, transit, port and other transportation-related construction projects during 2012, according to new analysis of the most recent U.S. Census Bureau data by the American Road & Transportation Builders Association (ARTBA).
ARTBA’s monthly report, “Value of Transportation Construction Put in Place,” was compiled by ARTBA Chief Economist Alison Premo Black, Ph.D. Black notes that while this represents a 1-percent increase more than the $116 billion committed in 2011, real transportation construction activity fell well short of its 2010 peak, when $129 billion worth of construction work was “put in place” during the year, in large part because of the American Recovery & Reinvestment Act (ARRA), a.ka. “The Stimulus.”
Black’s analysis also found the following changes in value by mode:
ARTBA’s analysis found that transportation construction activity accounted for 13.8 percent of all U.S. construction work put in place, down from 14.6 percent during 2011 and 15 percent in 2010.
Source: American Road & Transportation Builders Association (ARTBA)
Article printed from Better Roads: http://www.betterroads.com
URL to article: http://www.betterroads.com/artba-states-committed-nearly-120-billion-for-transportation-improvement-in-2012-short-of-129-billion-peak-in-2010/
Copyright © 2009 Better Roads. All rights reserved.